Parag Milk Foods: ₹400 Crore Fuels Dairy's Next Big Leap

Parag Milk Foods has announced a strategic investment of ₹400 crore over the next three to four years to fuel its next phase of growth, with a strong emphasis on expanding its value-added dairy, health nutrition, and ready-to-eat product segments.

As part of the plan, the company will double its cheese production capacity from 60 to 120 tonnes per day, while ramping up innovation and product launches across key brands including Gowardhan, Go, Avvatar, and Pride of Cows.

Avvatar, Parag’s vegetarian whey protein brand, which has achieved 6X growth in the last three years, is poised to diversify into two to three new categories, such as protein-based snacks and chips. The brand also aims to strengthen its footprint across e-commerce platforms and modern trade channels.

For its premium milk brand Pride of Cows, the company plans to invest ₹70–80 crore to expand the Bhagyalaxmi Dairy Farm, targeting a daily milk output of 2.5 lakh litres by 2027. The expansion includes the development of a 500-acre greenfield facility in Bota, Nashik, designed to accommodate up to 20,000 cows and integrate renewable energy solutions and water sustainability practices.

This comprehensive investment reflects Parag Milk Foods’ vision to become a leading player in high-margin dairy and nutrition segments, while reinforcing its commitment to sustainability and innovation.

News by Rahul Yelligetti.